Philips reports Q2 sales of EUR 5.3 billion and EBITA of EUR 415 million
Second-quarter highlights
- Comparable sales growth stable, with sales in growth geographies up 4%
- EBITA of EUR 415 million, compared to EUR 601 million in Q2 2013
- EBITA, excluding restructuring and acquisition-related charges and other items, amounted to EUR 449 million, or 8.5% of sales, compared to 9.4% in Q2 2013
- Currencies negatively impacted sales by 6% and EBITA by 0.8 percentage points of sales
- Net income amounted to EUR 243 million, supported by lower tax charges
- Free cash flow of EUR 261 million, compared to free cash outflow of EUR 105 million in Q2 2013